UNIVERSITY OF LAGOS
DISTANCE LEARNING INSTITUTE
YEAR 2 COURSE OUTLINES AND SOME RECOMMENDED TEXT BOOKS
1. BUS 221: NIGERIA BUSINESS ENVIRONMENT
(1) The concept of Business Environment:
a) Definition and Characteristics of business.
b) The Nigerian Business Environment and its element (The peculiar features of Nigerian Business Environment).
c) Types of Business in Nigeria.
(2) Globalization of Business & International Business:
a) Regional Economic Block.
b) ECOWAS
c) International organization E.g. IMF, World Bank.
(3) The roll of Government Business / Government new Business policies:
a) Enterprise promotion decree.
b) Structural Adjustment Program.
c) Commercialization and Privatization.
d) Deregulation and Liberation
e) Needs
(4) Types of business formation in Nigeria:
a) Sole Proprietorship.
b) Partnership.
c) Limited Liability Companies.
d) Cooperative Society and Voluntary Agencies.
(5) Challenges in Business Management.
(6) Commercialization & Privatization, Deregulation & Liberalization.
(7) Business Organic Functions.
(8) Business Organ & its environment interdependence.
(9) International Organization.
The scope of this course is to introduce student to the mode of relationship between organization and environment, how to measure the major aspect of the environment of an Organization. The Nigerian Business systems charts, facts, figure and general description, the role of government in the business systems.
Here we will look at, some of the factors affecting public and private organization, in Nigeria. We would also look at, the labour conventions, socio cultural practices, beliefs, economic structure, financial, money as well as budgetary policies of State and Federal government affecting organization.
We would also look at, how to manage the interface between given organizations and relevance to environment that affects organizational success and failure.
2. GAS 202: GENERAL AFRICAN STUDIES
SECTION ONE
1. General knowledge about our society.
2. Culture and Society:
a) Essence is to know the concept of the society.
b) Different Definition of Culture.
c) Is Culture Universal?
d) Cultural Change
e) Characteristics of Culture.
f) Culture areas of Africa.
3. Family:
a) Concept of Family.
b) Types and composition of Families
c) Nuclear Family
d) Extended Family.
e) Monogamous and Polygamous Family
f) Kingship Classification.
g) Significance of Kingship and Decent.
4. Population:
a) Different types of population.
5. Colonialism:
a) Neo-Colonialism
6. Africa geo-Sophie world view:
a) Geography of Africa.
SECTION TWO
1. Science.
3. ACC 220: ELEMENTS OF COST ACCOUNTING
1. Introduction:
a) Definition of Cost Accounting.
b) The purpose of Cost Accounting.
c) Difference between Cost Accounting and Financial Accounting.
d) Essential Elements of Effective Cost Accounting Information.
e) Cost Classification
f) Costing Method.
g) Costing Technique
h) The importance of Contribution in Decision making.
i) Fixed and Variable Cost.
j) Contribution Defined.
k) Relationship between Contribution and Profit.
l) Relevant and Irrelevant Cost.
m) Direct Fixed Costs and Common Fixed Cost.
n) Marginal and Internal Cost.
o) Comparison of Variable Cost.
p) Direct Cost and Marginal Cost.
2. Element of Cost:
a) Manufacturing Cost.
b) Direct Materials.
c) Direct Labour.
d) Manufacturing or Production Overhead.
e) Prime Cost and Conversion Cost.
f) Non-manufacturing Cost.
g) Marketing Overhead.
h) Administrative Overhead.
i) Product cost and Period Cost.
j) The differences between a manufacturing and merchandising company.
3. Material general Introduction:
a) Nature and Classification of Material.
b) Categories of stock cost.
c) Purchasing procedure.
d) Store Organization.
e) Perpetual Inventory method.
f) Periodic Inventory method.
g) Continuous stock taking.
h) Stock level.
i) Material Issue.
j) Material returned and transfer notes.
k) Stock control through ABC analysis.
l) Just in Time (JIT) System.
m) Just in time Purchasing.
4. Material Pricing:
a) Average Cost.
b) First-In-First-out (FIFO).
c) Last-In-First-Out (LIFO).
d) Profit Manipulation LIFO.
e) Comparison LIFO AND FOFO.
5. Qualitative models for materials:
a) The Basic EOQ model.
b) Ordering cost.
c) Carrying cost.
d) Deriving EOQ formula.
e) EOQ model with quantity discounts.
f) Stock: levels and optimal safety stock.
6. Labour Costing:
a) Clock card and time tickets.
b) Method of remunerations.
c) Group bonus scheme.
d) Treatment of overtime premium.
e) Treatment of idle time.
f) Treatment of fringe benefits.
g) Accounting entries for labour costs.
h) Wages control account.
7. Overhead:
a) How Accountant obtain information on overhead costs.
b) Allocation of overhead.
c) The steps involved in overhead absorption methods.
d) Relation between actual and absorbed overhead.
e) Accounting entries for overhead cost.
8. Job costing:
a) Job costing and batch costing.
b) Amount features of job costing.
c) Amount to quote for a job.
d) Accounting entries for job costing.
9. Cost Behaviour :
a) Types of cost.
b) Semi-variable cost and Mixed costs.
c) The range method.
d) The scalar graph method.
e) The method of least squares.
f) Cost behavior and inflation.
10) Break-even analysis and cost-volume-profit relationship:
a) Derivation of the relationship between profit and contribution.
b) How contribution and profit relate with sales level.
c) The ratio of contribution and profit relate with sales level.
d) The ratio of contribution to sales.
e) Ci/Si = Cn/Sn =K
f) Break even point.
g) Margin of safety.
h) Cost-Volume-profit relationship in graphical form.
i) Limitations on Cost-Volume-profit analysis.
j) Solving problems on cost-volume-profit analysis.
k) Taxation in cost-volume-profit analysis per unit approach.
l) Contribution to sales ratio.
m) Ci/Si = Cn/Sn = K approach.
11) Marginal costing and relevant costs in non-routine decision:
a) Further example on computation of marginal costs.
b) Example of the use of contribution in choosing among alternative courses of action.
c) The use of contribution in decision involving varying product mix.
d) Opportunity Cost.
e) The use of relevant cost in “make or buy” type of decisions.
4. BUS 220: BUSINESS MATHEMATICS II
1. LIMITS:
a) Introduction: Limit of functions and properties of Limits.
b) Limiting value of infinite series.
c) Usefulness of infinite series.
d) Further technique for determining the nth term of a given series.
e) Limit of infinity.
2. DERIVATIVE:
a) Definition: Average rate of change.
b) Instantaneous rate of change.
c) Derivatives from first principles.
d) Algebraic functions and non Algebraic functions.
e) Exponential functions, trigonometry functions, logarithm functions.
f) Rule of Differentiation.
g) Implicit Differentiation.
h) Second derivative tests.
i) Marginal analysis.
j) Price elasticity of demand.
3. FUNCTIONS OF TWO OR MORE VARIABLES:
a) Definition Limits of functions of two variables.
b) Partial Derivatives.
c) Chain rules.
d) Higher partial Derivatives, Maxima and Minima of functions of several variables.
e) Language multipliers and optimization.
4. INTEGRATION:
a) Definition: Basic Integral Formula.
b) Method of Integration, Integration by substitution, Integration of form.
f(x)dx
F(x)
5. VECTOR AND MATRICES:
a) Definition of Vector Row and column vector: n – triple numbers.
b) Sum of vectors.
c) Dot product.
d) Scalar multiplication.
e) Norm and distance.
f) Definition of Matrix: Row and Column Matrices.
g) Equality of Matrices.
h) Transpose of a Matrix, Symmetric and Skew Symmetric Matrices.
i) Operations with Matrices.
j) Additions, Scalar multiplication, Matrix multiplication, in square matrix: 2X2, 3X3 Matrices, Gauss – Jordan element operations.
k) Ad joint methods.
l) Determinant of a Matrix: 2X2, 3X3, 4X4
m) Solutions of system of Linear equations using Matrix algebra.
6. MATHEMATICS OF FINANCE:
a) Sequence, special sequences: AP, GP, Harmonic, AGP set Harmonic and AGP.
b) Definition of basic concepts: principle amount, interest rate amount, no of time periods, interest – Simple and Compound and effective interest rates, Annuity, Sinking fund, present annuity.
c) Amortization.
7. BASIC PROBABILITY:
a) Introduction of combination analysis permutation.
b) Fundamental principles of counting.
c) Sampling with and without replacement.
d) Combination.
8. BASIC PROBABILITY:
a) Definition.
b) Axioms of probability conditional probability independent / dependent events.
c) Random variables.
5. FBA 220: STATISTICS I
1. Definition of Data and Data Classification.
2. Data Summary.
3. Categorization of data by its use.
4. Frequency distribution and histogram:
a) Bar – charts and Pie charts.
b) Cumulative frequency curve (Ogive)
5. Measures of Location:
a) Measure or centers.
6. Measure of Spread:
a) Mean absolute deviation.
b) Variance.
c) Standard deviation.
d) Coefficient of variation.
7. Introduction to probability.
8. Random Variables.
9. Common Probability Distributions:
a) Bernoulli.
b) Binomial.
c) Poission.
d) Normal.
6. HIS 112: INTRDUCTION TO ECONOMIC HISTORY
1. What is Culture?
2. Is it universal or not?
3. Cultural change.
4. Theory of Culture.
5. Characteristic of Culture.
6. The Culture Areas.
7. Composition of Family.
8. Kingship Classification.
9. Colonialism.
10. African Geo-physic world view.
11. Geography of Africa.
7. GST 104: HISTORY AND PHILOSOPHY OF SCIENCE
1. Man:
a) His origin and nature.
b) Man and his cosmic environment.
2. Scientific methodology.
a) Science and Technology.
3. Renewable and non-renewable resources, Man and his energy resources.
4. Environment effects of chemicals.
a) Plastic textiles.
b) Waste and other materials.
c) Chemical and ratio chemical hazards.
5. Introduction to the various areas of science and technology for different cultures of the world.
8. PHY 254: BUSINESS ETHICS
Preamble: Ethics has to do with science of morality, making a distinction between good and bad actions. It is concerned with free actions, actions for which man may be held responsible. An action is that which a man embarks on freely and willingly. Freedom can thus be seen as capacity for self determination. It is to be recognized that as a finite being the freedom a man has and exercises is limited. In the exercise of this freedom he is confronted with a lot of constrains, this ranges from philosophy, psychology to social and environmental factor. These factors influence substantially. In business environment the problem is more pronounced, at every point in time a business executive is confronted with taking decisions that affects the stability of his business, his profitability and others. He, while trying to deal with these challenges that confront him, is at the same time being conscious of what the law says. Ethics aid in the resolution of these conflicts.
IN THIS COURSE BUSINESS ETHICS, WE ARE GOING TO BE LOOKING AT SUCH ISSUES AS STATED BELOW:
1. Justice, Confidentiality, Honesty and Freedom.
2. Determinism, Egoism, Altruism, Unitarianism.
There will be extensive discussion on taking Ethical decisions in a business environment. Under this topic (taking a decision in a business environment) we will evaluate compendium of Ethical principles, both ancient and modern principles distilled from basic wisdom that spans about 2,000 years of thought. They are useful living guides for resolving complex ethical problems.
They include such concept as:
• Categories Imperative.
• Disclosure Rule.
• Doctrine of the mean.
• The Ends-Mean Ethics.
• The Golden Rule.
etc.
LIST OF RECOMMENDED TEXT BOOKS FOR YEAR 2 (DLI)
BUS 220, RUDIMENTARY QUANTITATIVE TECHNIQUE
By A.S.A Osifodunrin and A.O. Awosoga.
ACC 220, COPING WITH COST ACCOUNTING
By Eddy O. Omolehinwa.
HIS 112, FUNDAMENTALS OF ECONOMIC HISTORY
By Ayodeji Olukoju, Adebayo Lawal and Kehinde Falauyi.
BUS 221, NIGERIAN BUSNESS ENVIRONMENT (AN INTRODUCTION)
By Augustine O. Isimoya.
PHY 254, MAN AND STATE
By F.N. Ndubuisi.
GAS 202, ESSENTIALS OF AFRICAN STUDIES (VOLUME 2)
By Sophie B. Oluwole.
FBA 220, A GUIDE TO SKILL DEVELOPMENT IN BUSINESS STRATEGIES I AND BASIC II METHOD.
By E.O. Esan and R.O. Okafor.
GST 104, NATURE OF MAN MODULES
By E. Kolawole Ogundowo.
